Business Details
17 Years
experience
Trusted Financial Advisers in Berlin, MD
Coastal Wealth Management has been dedicated to providing personalized financial guidance since 2009. Our team of experienced advisors brings decades of combined expertise in retirement planning, investment management, and comprehensive financial strategies tailored to individual client needs. We specialize in creating customized solutions for retirement income, estate planning, and employee benefits programs, serving both individuals and businesses. Our advisors hold multiple industry certifications and maintain active FINRA licenses, ensuring clients receive informed, compliant financial guidance.We prioritize fiduciary responsibility and maintain partnerships with leading financial institutions to deliver diverse investment options. Our commitment to community extends through active local involvement and educational initiatives for clients and employees. We approach financial planning holistically, addressing tax implications, social security optimization, and long-term care strategies to help clients achieve their financial objectives.
Services
Retirement Planning
Investment Management
Estate Planning
401(k) Rollovers
Employee Benefits
Life Insurance
Annuities
Tax Planning
Social Security Optimization
Long Term Care
Details
- Year established: 2009
Highlights and features
- We offer 25+ years of combined experience in financial services
- Our team holds multiple FINRA licenses and industry certifications
- We provide fiduciary-level retirement and estate planning services
- We maintain partnerships with leading financial institutions
- We offer customized employee benefits solutions for businesses
Services
Retirement Planning
Our retirement planning service creates personalized strategies for pre-retirees and retirees. We analyze current financial status, future goals, and risk tolerance to develop comprehensive plans addressing income needs, tax implications, and estate considerations. Our advisors help clients optimize social security benefits, manage 401(k) rollovers, and implement sustainable withdrawal strategies. We provide ongoing portfolio management to ensure financial security throughout retirement years.
Investment Management
We offer tailored investment management solutions for individual portfolios. Our services include asset allocation, risk assessment, and selection from diverse investment options like stocks, bonds, mutual funds, and ETFs. We monitor market conditions and adjust strategies to maintain alignment with client objectives. Our team provides regular performance reviews and rebalancing to optimize returns while managing risk exposure across different market cycles.
Employee Benefits
We design comprehensive employee benefits packages for businesses of all sizes. Our services include retirement plan implementation (401(k), 403(b), SEP IRA), health insurance solutions, and voluntary benefits programs. We help employers meet fiduciary responsibilities while creating competitive benefits packages. Our team provides ongoing plan administration, compliance support, and employee education programs to maximize benefits effectiveness.
Estate Planning
Our estate planning service focuses on preserving wealth for future generations. We coordinate with legal professionals to create strategies that address asset distribution, tax minimization, and legacy goals. Services include beneficiary designation reviews, trust integration, and development of comprehensive estate plans. We help clients navigate complex tax implications and ensure their wishes are properly documented and executed.
401(k) Rollovers
We specialize in helping retirees transition employer-sponsored retirement plans to IRAs. Our advisors guide clients through the rollover process while maintaining tax-deferred status. We analyze investment options, fee structures, and distribution strategies to optimize retirement savings. Our service includes risk assessment and development of sustainable income plans to ensure long-term financial security during retirement years.
People
Troy Lennox
Managing Principal
Troy Lennox has 25+ years of financial services experience, holding multiple FINRA licenses. He specializes in retirement planning, estate strategies, and investment management. He graduated from Frostburg State University and serves on local business advisory boards.
Chip
Partner
Chip has 23+ years of financial advisory experience with Series 7 and 66 licenses. He focuses on retirement planning for multigenerational families and business owners. Holds an MBA from Salisbury University and actively participates in local community organizations.
Tylor
Financial Advisor
Tylor specializes in modern financial planning solutions for all generations. He holds Series 7 and 66 licenses with designations in portfolio management and retirement planning. Active in local business development and community education initiatives.
Debra Lennox
Office Manager
Debra manages daily operations and client relations with 20+ years of administrative experience. She coordinates client meetings and serves as primary contact for account management. Brings extensive local knowledge to assist new residents in the area.
Questions
What financial planning services do you offer?
We provide comprehensive retirement planning, investment management, estate strategies, 401(k) rollovers, and employee benefits solutions tailored to individual and business client needs.
How do you work with clients?
We begin with a consultation to understand your financial goals, then develop personalized strategies. Our process includes ongoing portfolio management, regular reviews, and adjustments as life circumstances change.
What credentials do your advisors hold?
Our team maintains active FINRA licenses (Series 7, 63, 65, 66) and industry designations including CRPC, APMA, and CRPS. We adhere to strict regulatory compliance standards.
Do you work with out-of-state clients?
Yes, we serve clients in multiple states including MD, DE, VA, PA, NJ, NC, FL, NY, CA, CO, DC, HI, MI, MN, MS, NM, SC, and GA.
How are you compensated for services?
We use transparent fee structures aligned with services provided. Compensation details are fully disclosed during initial consultations with no hidden fees or unexpected charges.
What makes your firm different?
We combine decades of local experience with national resources, maintaining fiduciary responsibility while offering personalized solutions. Our team's diverse expertise addresses both individual and business financial needs.
Reviews (3)
Donna Frankowski
Nov 26, 2020
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Tylor Lennox is a professional with a capital P!!! Not only does he possess a wealth of knowledge regarding the financial industry but he can explain it in layman's terms. Working with Tylor has literally changed my opinion of working with a wealth management company. I am confident that I am in good hands and can make life changing decisions based on good advice, complete understanding and transparency. I highly recommend Coastal Wealth Management!
Anita M. Hicks
Oct 29, 2020
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Positive:Professionalism,Responsiveness
The people at Coastal Wealth Management are wonderful! It's been my pleasure to work, for the most part, with Tylor Lennox. He is professional, has a high level of integrity, is extremely knowledgeable and is just, an all around nice guy! I highly trust and recommend them.
The people at Coastal Wealth Management are wonderful! It's been my pleasure to work, for the most part, with Tylor Lennox. He is professional, has a high level of integrity, is extremely knowledgeable and is just, an all around nice guy! I highly trust and recommend them.
Colleen Nichols
Sep 21, 2020
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Positive:Professionalism,Quality,Responsiveness,Value
Tyler is a great guy with a strong moral compass. I enjoy working with him and hope to continue to for many years to come!
Tyler is a great guy with a strong moral compass. I enjoy working with him and hope to continue to for many years to come!
